Multiple Choice
Which of the following statements relating to the competence of evidential matter is always true?
A) Evidence from outside an enterprise is always reliable.
B) Accounting data developed under satisfactory conditions of internal control is not reliable.
C) Oral representations made by management are not reliable evidence.
D) Evidence must be both reliable and relevant to be considered appropriate.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: Match five of the terms (a-h) with
Q68: Since confirmation replies and copies of client
Q69: For audit evidence to be compelling to
Q70: Analytical procedures are used extensively in practice,
Q71: Which of the following is not a
Q73: The usefulness of analytical procedures as audit
Q74: The most widely used profitability ratio is
Q75: It is essential that the detail on
Q76: The primary purpose of audit procedures is
Q77: Auditors use trends in the inventory turnover